Lucintel’s latest market report analyzed that copper pipe and tube provides attractive opportunities in the HVAC (Heat, Ventilation, and Air Conditioning), refrigeration, industrial, electrical, plumbing, and medical industries. The copper pipe and tube market is expected to reach $19.7 billion by 2027 with a CAGR of 2.8%. In this market, straight length pipes is the largest segment by product type, whereas small diameter pipes is largest by diameter. Adoption of advance material in copper pipes and tubes, growing demand for copper pipes in electric and hybrid vehicles, and increasing adoption of antimicrobial copper pipes provides strategic growth path in this market.
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Based on product type, the copper pipe and tube market is segmented into straight length pipes, pancake pipes, LWC plain pipes, and LWC grooved pipes. The straight length pipes segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increasing demand for refrigeration and HVAC in residential and industrial sector.
Browse in-depth TOC on “Copper Pipe and Tube Market”
171 – Tables
202 – Figures
295 – Pages
The Copper Pipe and Tube Market is marked by the presence of several big and small players. Some of the prominent players offering copper pipe and tube include Mueller, Wieland, Hailiang, Kobelco and Materials Copper Tube, Furukawa Electric, Mettube, Shanghai Metal, Grupo IUSA.
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